Strategic Commitment and International Mixed Competition with Domestic State-owned and Foreign Labor-managed Firms - 10.1628/001522108X397679 - Mohr Siebeck
Wirtschaftswissenschaft

Kazuhiro Ohnishi

Strategic Commitment and International Mixed Competition with Domestic State-owned and Foreign Labor-managed Firms

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Jahrgang 64 () / Heft 4, S. 458-472 (15)

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This paper examines an international mixed model in which a domestic state-owned welfare-maximizing public firm competes against a foreign labor-managed income-per-worker-maximizing private firm. In the first stage, each firm independently decides whether or not to make a commitment to capacity. This capacity may subsequently be increased, but cannot be reduced. Hence, the firm's capacity cost is sunk and changes from a variable cost to a fixed cost. In the second stage, each firm independently chooses its actual output. The paper shows the equilibrium of the international mixed model.
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